CET, one of the UK’s leading insurtech claims management specialists, has been acquired by HomeServe, the international home repairs and improvements business.
This acquisition has brought together two well-positioned, complementary businesses - HomeServe UK in home assistance cover and CET in home emergency assistance. Combined, they serve around 4.9 million homes in the UK. CET will continue to operate as before with the existing management team and infrastructure, and over time, there will be significant opportunities for the two businesses to share best practice, technology and service expertise.
CET provides emergency plumbing, heating, and electrics services to home insurance policy holders on behalf of leading home emergency brands. This is achieved via its in-house purpose built, digital claims handling and job management platform, SIMPLIFi.
Peter Eglinton (pictured left), Group CEO of CET said: “I am very proud of what the team have achieved over the past three years with their focus on our clients and their customers. The technology has become a real differentiator for us and combined with our skilled home-based staff and our professional contractors we have been able to grow significantly and scale effectively.
“We feel this is a great time to be acquired by HomeServe and look forward to their support in making us an even better business.”
Ross Clemmow, Chief Executive, EMEA, HomeServe, said: “CET has a leading market position and provides home emergency assistance for one in eight UK households. We are very impressed by the business, its customer partnerships and its digital capabilities, and there are exciting opportunities to develop the plumbing, heating and electrics services which are core to both of our operations.”